Assistant Treasurer

Internal use only Grade E

Were the team behind digital retailer Very.

Our purpose helping families get more out of life powers everything we do.

And we want our people to get more out of life too! If youre high-performing ambitious and make the most of every opportunity we want to hear from return youll enjoy heaps of flexibility great perks and benefits and the freedom to be yourself keep learning and take your career wherever you want it to go.

If you love making a difference youll love making it sparkle for millions of Very customers.

Responsible for assisting the Treasurer in providing a full treasury service to Shop Direct Finance Company (SDFC) and the wider Group ensuring effective management of funding cash flows customer payments and associated relationships to support the financial health and operational efficiency of the business.

Securitisation:

• Support the Treasurer in managing the 1.7 billion securitisation structure including liaison with six funding banks.
• Assist with Rating Agency reviews annual due diligence external audits legal documentation and internal audits.
• Produce General Ledger postings and management accounts reports for the securitisation structure.
• Support Finance in preparing statutory accounts for the securitisation entity and SDFC. Cash Management and Reporting:
• Maintain control over all company bank accounts and ensure secure accurate processing of payments.
• Produce daily cash flow reports for the Executive Committee and Shareholder Executives.
• Calculate daily cash positions and analyse cash movements for SDFC.
• Manage SDFC cash deposits using appropriate investment products.
• Administer and execute ad-hoc payments including inter-company external and confidential payments.
• Prepare daily cash forecasts interest charge forecasts and securitisation structure forecasts.

Customer Payments:

• Manage customer payment processes including contractual relationships and cost analysis.
• Act as the primary contact for internal and external stakeholders regarding customer payments.
• Lead tendering processes for payment-related costs and ensure PCI compliance.

Interest Costs:

• Minimise interest costs through effective yield and maturity selection and interest rate hedging strategies.
• Analyse and report on interest charges in management accounts.

Third-Party Relationships:

• Act as SME and operational lead for banking operations including BACS facilities Direct Debit setups and online banking systems.
• Manage relationships with banks and third-party providers including fraud prevention and operational queries.
• Oversee the opening/closing of bank accounts and amendments to bank mandates.
• Strategic Support:
• Provide financial analysis and SME input for strategic initiatives including World Class projects and Skunk works.
• Represent The Very Group externally for PCI compliance and customer payment processing.

• MCT or CCAB qualification with post-qualification experience in Treasury.
• Detailed working knowledge of securitisation structures.
• Advanced computer literacy including proficiency in Word and Excel.
• Strong commercial awareness and understanding of financial services products.
• In-depth knowledge of banking operations and individual Group business strategies.
• Relationship management and negotiation skills.
• Strong decision-making and problem-solving abilities.
• Analytical mindset with attention to detail.
• Ability to work under pressure and meet deadlines.
• Excellent communication skills (written and oral).
• Initiative and influencing skills to drive strategic outcomes.
• Project management expertise.

Benefits

• Inclusive culture and environment check out our Glassdoor reviews
• 1000 flexible benefits allowance to suit your needs
• 30days holiday bank holidays
• Linked In learning access
• Bonus potential (performance and business-related)
• Up to 25% discount on

• Matched pension up to 6%
• More benefits can be foundon our career site

How to apply

Please note that the talent acquisition team are managing this vacancy directly and if successful in securing this role you will be required to undertake a credit CIFAS Right to Work checks and if a specific requirement of your role a DBS (criminal records) check. Should your application progress we require you to let the team know if there is anything you need to disclose in relation to any of these checks prior to them being undertaken including any unspent criminal convictions.

What happens next

Our talent acquisition team will be in touch if youre successful so keep an eye on your emails! Well arrange a short call to learn more about you as well as answer any questions you have. If it feels like were a good match well share your CV with the hiring manager to review. Our interview process is tailored to each role and can be in-person or held remotely.

You can expect a two stage interview process after meeting the TA team

First stage A one-hourMS Teams call with the Hiring Team

Second Stage - Final Interview face to face interview with a Senior Stakeholder within the…